Not only do you need to consider exchange rates, but there’s also purchasing power parity — an economic concept that tracks just how much more it can cost to get basic goods and services in one place versus another — not to mention a variety of other economic factors that can make certain goods cost more or less in certain areas.

What does that all mean? If nothing else, it means that the same $10 can buy a lot more — or less — depending on where you are.

Argentina

Argentine wines have been experiencing newfound fame over the last decade, with exports growing quickly. Of course, if you’re looking for the best value, consider going straight to the source: You can get almost three bottles of wine in Argentina for just $10, the best value for vino of the countries on this list.

Australia

Conversion Rate: 13.40 Australian dollarsWhat $10 Can Buy You: 5.2 bottles of water

At the equivalent of almost $2 a bottle, the price of water in Australia is higher than most. In fact, you’re paying more for a bottle of water than most of the other countries listed here. So, even though you can only get about two beers for that same price, that has to look appealing when you consider what you’re paying for bottled water.

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Brazil

Conversion Rate: 38.05 realWhat $10 Can Buy You: 6.6 cappuccinos

Brazil is the world’s top-producing coffee grower, so the fact that you can get over six and a half cappuccinos for the equivalent of just $10 could be due, at least in part, to the large supply grown right in the country.

Canada

If you plan to hop across the border to Canada to do your shopping, you might not find the sort of discount on new pants you were hoping for: $10 will only get you one-fifth of the way to a new pair of jeans.

China

Conversion Rate: 64.01 yuanWhat $10 Can Buy You: 10.7 domestic beers

A night out in China is likely going to cost you a lot less than most other places. Here, a domestic beer will cost you the equivalent of less than $2. But if you find yourself regretting your evening of knocking back affordably-priced Chinese beer, you won’t get such a deal the next morning: Your $10 only gets you 2.4 cappuccinos to help nurse that hangover.

France

Conversion Rate: 8.65 eurosWhat $10 Can Buy You: 1.7 domestic beers

When in Rome, do as the Romans do. And when in France, stick to the wine. Not only is France legendary for its wonderful wine, but the price of beer is among the highest, with $10 not even leaving you with enough to buy a second round.

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Germany

Meanwhile, across the border in Germany — a country known for its beer — the same lessons don’t necessarily apply. You can get 2.5 domestic beers for $10 in Germany to France’s 1.7, and considering the quality of “domestic beer” in Germany might well be a lot better than it is in France, that appears to be a much better deal.

That said, Germany has among the best values for wine as well, with $10 getting you 2.2 bottles.

So, when in Germany and on the hunt for a bargain, you can’t go wrong with drinking either wine or beer.

Iceland

Generally speaking, your buying power in Iceland is low, especially in terms of beverages. Your $10 will get you just two cappuccino, 1.7 domestic beers and less than half a bottle of wine — the lowest returns on $10 for each category of all the countries considered here.

India

Conversion Rate: 681.40 rupeesWhat $10 Can Buy You: 6.9 cappuccinos

India might be famous for its tea, but if you’re looking for the right way to start your day, try going with coffee. That’s because the 6.9 cappuccinos you can get for $10 in India is the most of any country in this study.

Indonesia

You can’t get a pair of jeans for $10 in any of the countries highlighted here, but you get as close in Indonesia as anywhere, with $10 getting you about a third of the way there. That would mean that the average full price for a pair of jeans in Indonesia is a little over 450,000 rupiahs, so make sure you bring big bills when clothes shopping.

Israel

Living in close proximity to the vast oil fields of the Middle East doesn’t appear to be doing consumers in Israel much good: They pay about $6.25 for a gallon of gas — way more than anywhere in the United States.

And if you were hoping to drown your sorrows with a few beers, think again: Domestic beers will cost you about $7.69 apiece.

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Italy

Italian cuisine might be world famous, but if you’re ever visiting, don’t expect to eat on the cheap. Your $10 will only cover less than half of your dinner, making Italy one of the most expensive countries to eat out in of all the countries surveyed.

Jamaica

Whether you’re looking to perk yourself up in the morning or relax after a long day, Jamaica appears to have you covered. Not only are domestic beers a very reasonable $1.89 apiece, but cappuccinos are just $2.22, giving you multiple beverage options for a good value.

Mexico

Mexico can get quite hot, so if you’re in country you’ll likely be looking for something cool to drink. And though you can get more than 20 bottles of water with your 208.54 pesos, you can also score almost eight beers, which might be the more attractive option for some of you.

Russia

One perk of living in a country where the economy is heavily reliant on oil production is that you can frequently get much better prices on gas. That works out to about $2.44 a gallon, among the lowest rates of the countries on this list.

South Africa

Conversion Rate: 134.51 randWhat $10 Can Buy You: 2.2 bottles of wine

The 134.51 in South African rand that you’ll get for $10 will go a long way if you decide you want to blow the money on wine: the 2.2 bottles you can afford is one of the better values for wine in the world, based on the countries in this study.

Spain

Conversion Rate: 8.65 eurosWhat $10 Can Buy You: 5.7 cappuccinos

When you think of fancy coffee drinks, you’re probably more likely to think of Italy or even France before you consider Spain. But maybe that lack of recognition is playing into your hands when you visit as you can get more than five cappuccinos for $10 while in Spain.

Thailand

The 322.29 Thai baht you can exchange your $10 for will land you over 30 bottles of water at a price of just over 10 baht a bottle. That’s among the best returns for your money in terms of bottled water on the globe.

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Turkey

The hot summers can make a visit to Turkey uncomfortable — especially if you aren’t staying on the coast — so it’s good that $10 will get you over 40 bottles of water should you want to beat the heat by staying very, very hydrated.

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United Kingdom

Unlike Italy, the United Kingdom’s reputation for its domestic cuisine is, well, not great on the whole. However, that isn’t stopping the locals from charging you as much as you might pay in any other country in this study. The $20 or so for an inexpensive restaurant outing is among the highest out there.

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Vietnam

Vietnam has a reputation for its excellent street food, and the noodle soup, known as “pho,” is growing in popularity. And if you’re ever in Vietnam, you can buy almost six meals at the average restaurant for just $10, the most in this study.

If the spicy cuisine of Southeast Asia proves too much, another $10 will snare you just shy of a half-case of domestic beer, also the most in the study.

Vietnam notably features the lowest-value unit of currency, with just $1 translating to almost 25,000 dong.

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